Hello.
I successfully completed my IVA in October last year just over two years after starting it (thanks to a full and final settlement offer from a redundancy payout).
I've been looking at my credit report and only one of the creditors has marked the debt as "satisfied". The rest say I still have outstanding balances.
I was under the impression that when the IVA was complete the debt was paid off. I understand the "default" stays on my account for six years, but I thought creditors were legally obliged to state on my report that I did not owe them anything more. Am I correct?
Your IVA and any defaults from prior to acceptance will stay on your file for six years.
Any defaults registered after that date shouldn't be on there and you need to write to those creditors requesting that they remove them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
